Skip to content
Indian Liberals
Open menu

non liberal

T. T. Krishnamachari

Also known as: TTK, टी. टी. कृष्णमाचारी, कृष्णमाचारी

How T. T. Krishnamachari is discussed in this archive

Authored 3 works in the archive.

Referenced in 20 other works — including MUTUAL FUNDS AND OFFSHORE FUNDS IN INDIA , Discrimination Between the Two Sectors , and Is Socialism Outdated? .

In MUTUAL FUNDS AND OFFSHORE FUNDS IN INDIA : Dave traces UTI's institutional lineage to T.

In समस्याएँ भारत की : T.

In Discrimination Between the Two Sectors : Master pairs T.

In Is Socialism Outdated? : Palkhivala marshals Krishnamachari's 5 June 1964 reversal — following Nehru's May 1964 reassurance against bank nationalisation — as evidence of Cabinet drift on the question and a sign that 'the Cabinet alone should speak as a body'.

In An Analysis of Union Budget 1965-66 : Shroff's analysis opens by praising Finance Minister T.

By T. T. Krishnamachari (3)

In ThePrint (3)

Mentioned in (30)

Primary works (25)

  • STOCK MARKET IN TURMOIL – LESSONS FOR INVESTORS · 2001
  • MUTUAL FUNDS AND OFFSHORE FUNDS IN INDIA · 1991
    • "He traces UTI from Shri T. T. Krishnamachari's 1963 pitch to Pandit Jawaharlal Nehru" — Krishnamachari credited as the political originator of UTI
    • "UTI's lineage is traced from T. T. Krishnamachari's letter to Nehru to Krishnamachari's later piloting of the UTI Bill" — extends Krishnamachari's role from idea to legislation
  • समस्याएँ भारत की · 1988
    • "the Agricultural Price Commission (established partly on the recommendations of a 1965 committee chaired by T.T. Krishnamachari) is structurally incapable of ensuring remunerative prices" — Essay 3 names Krishnamachari's 1965 committee as the institutional ancestor of the price-suppression mechanism Joshi treats as the engine of rural distress
  • ROLE OF FINANCIAL INSTITUTIONS IN ECONOMIC DEVELOPMENT · 1983
  • Discrimination Between the Two Sectors · 1966
    • "Finance Ministers Morarji R. Desai (1962-63) and T. T. Krishnamachari (1964-65) to show that even the Government now concedes that public-sector units must earn 'adequate' profits and build reserves for future expansion" — Krishnamachari's statement is used alongside Desai's to establish cross-ministerial admission of the principle that public enterprises must be financially accountable
    • "Uses speeches of Finance Ministers Morarji R. Desai and T. T. Krishnamachari to show the Government concedes the Public Sector must earn 'adequate returns'" — Krishnamachari is one of two Finance Ministers whose own words are deployed against the discriminatory treatment of the private sector
  • Is Socialism Outdated? · 1966
    • "Records Nehru's 22 May 1964 reassurance against bank nationalisation and T. T. Krishnamachari's 5 June 1964 reversal as evidence of Cabinet drift." — key-points restatement of the Krishnamachari reversal as Palkhivala's chief evidence of policy incoherence
    • "citing Nehru's May 1964 reassurance and T. T. Krishnamachari's June 1964 reversal as evidence that 'the Cabinet alone should speak as a body'" — Krishnamachari's reversal anchors Palkhivala's complaint about cabinet drift on bank nationalisation
  • An Analysis of Union Budget 1965-66 · 1965
    • "He opens by praising Finance Minister T. T. Krishnamachari for being unusually transparent — for the first time the budget papers, especially the Economic Survey, allow the tax-payer to see the country's true position" — opening of Shroff's analysis; TTK is the budget's author and Shroff's immediate interlocutor throughout the pamphlet
  • PROFITS IN A PLANNED ECONOMY · 1965
  • FOREIGN EXCHANGE CRISIS — THE WAY OUT · 1963
    • "He attributes the wreckage to the import spree of 1955–56 ordered under Commerce Minister T. T. Krishnamachari's anti-inflation theory that imports would mop up Plan-induced purchasing power." — Krishnamachari named as the minister responsible for the policy that triggered the foreign exchange collapse
  • Economic Growth Requires Reform of Tax Structure · 1962
    • "Singles out the expenditure tax — introduced on Nicholas Kaldor's advice by then Finance Minister T. T. Krishnamachari — as a clear failure: trivial revenue (Rs. 1 crore actual against Rs. 9 crores originally estimated for its first year), and disproportionately costly to administer." — Krishnamachari named as responsible minister for the expenditure tax regime
  • Resources for the Third Plan · 1961
  • An Inflationary Budget · 1959
    • "The new wealth tax (introduced earlier by T. T. Krishnamachari), the expenditure tax, the gift tax and the capital-gains tax are dismissed as variously unworkable, perverse or counter-productive" — taxation section; TTK is identified as the author of the wealth tax that Shroff considers one of the budget's most damaging features
  • FREE ENTERPRISE IN A FREE SOCIETY · 1957
    • "Prompted by Finance Minister T. T. Krishnamachari's budget and the broader 'socialistic pattern of society' line emanating from Nehru's government" — TTK's budget named as the proximate cause of the essay, in the opening framing of the polemic
  • Planning in India · 1957
  • PLANNING IN INDIA · 1957
  • …and 10 more

Opinion pieces (1)

  • The Aborted Promise of Economic Liberalisation in Mid-1960s
    • "the key members of the Shastri cabinet (T T Krishnamachari, C Subramaniam, Asoka Mehta) were devoid of an ideological commitment to socialism, sans the labor minister D Sanjivayya." — lists TTK among the market-oriented ministers who enabled Shastri's liberalisation push

Excerpts (4)

  • Has Private Enterprise Failed?
    • "Mr. T. T. Krishnamachari, who was then the Union Minister for Commerce and Industry, at Madurai on 4th of August. In the course of his speech, he observed that "Private Enterprise has failed me"" — TTK's ministerial indictment of private enterprise is the specific charge Shroff's address sets out to rebut
  • Is Socialism Outdated?
    • "Mr. T. T. Krishnamachari announced that "nationalisation should be the last step in any effort to control banks."" — TTK's assurance against premature nationalisation is one of several ministerial statements Palkhivala marshals to show policy incoherence
  • N. A. Palkhivala's Views on Socialism
    • "Mr. T. T. Krishnamachari announced that "nationalisation should be the last step in any effort to control banks."" — Krishnamachari's statement cited as an inconsistent public assurance on bank nationalisation
  • The Place of Free Enterprise in a Backward Economy
    • "Shri T. T. Krishnamachari, the Finance Minister, has declared that the Second Plan would demand sacrifice and regimentation of our economy" — Krishnamachari's statement used as evidence of the government's explicitly regimented economic programme